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Originally published Friday, February 24, 2012 at 8:01 PM

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Redfin to raise fees

Redfin is raising fees by an average of 16 percent in order to provide customers with "a one-on-one relationship" to their agents.

Seattle Times staff

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Technology-based real-estate brokerage Redfin says it's reducing the commission refunds it offers to buyers, raising fees by an average of 16 percent, in order to provide customers with "a one-on-one relationship" to their agents.

The Seattle company had previously offered buyers refunds equal to 50 percent of the commission split the brokerage received from the seller, subject to a $6,000 minimum fee.

Now, Redfin will employ a fixed-dollar refund for each listing based on a sliding scale that's tied to the listing price, CEO Glenn Kelman announced.

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